Export growth of leather shoes will drive polyurethane shoe stock market

According to the "Investment Analysis and Forecast Report of China's Shoes Industry 2010-2015" issued by the China Investment Advisor, as the European Union started to impose anti-dumping duties on China's leather shoes in 2006, the purchase costs of European distributors have increased substantially. The EU's orders have sharply decreased, and the export of leather and footwear products to the EU continues to decline. In the second half of 2009, Brazil, Argentina, Peru, Ecuador and other countries in Latin America adopted trade protection measures against Chinese footwear. In 2009, the export growth rate of our footwear products was almost zero.

The recent decision of the European Union Footwear Federation to abandon the anti-dumping duty imposed on China's imports of leather shoes by a “sunset review” will not only give Chinese shoe companies greater room for development in overseas markets, but also make European distributors China's procurement costs have been greatly reduced, which will help our country’s shoe companies increase their foreign trade orders, which is very beneficial to the further development of our shoe companies.

Zhong Jianzhi, a researcher in the chemical industry of China Investment Advisors, pointed out that since the European Union began to impose anti-dumping duties on China's leather shoes in 2006, the number of Chinese leather footwear exports to the EU has continued to decline. If the EU stops levying anti-dumping duties on China's leather shoes this year, It will benefit the export of China's footwear industry. By then, with the increase in the export of leather footwear products in China, the market demand for polyurethane stock solution will increase.

Chang Yuzhi believes that the increase in foreign trade orders for shoe companies in China will boost the production of domestic footwear products. Now the raw materials needed to produce soles have gradually changed from the previous rubber and PVC materials to PU, TPR and other materials, which provides a huge market space for the polyurethane liquid stock solution in China, and the market demand for domestic polyurethane shoe stock solutions will greatly increase.

According to the "Investment Analysis and Forecast Report of China's Shoes Industry 2010-2015" issued by the China Investment Advisor, currently the main materials of China's soles are mainly PVC, PU and TPR. Previously, PVC has a competitive advantage because of its low price. Now, because of its low weight, non-slip, good elasticity, high strength, wear resistance, and oil resistance, pu soles are favored by the market.